Pete Wargent blogspot
Co-founder & CEO of AllenWargent property advisory & buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place) - clients include hedge funds, resi funds, & private investors.
4 x finance/investment author - 'Get a Financial Grip: a simple plan for financial freedom’ (2012) rated Top 10 finance books by Money Magazine & Dymocks.
"Unfortunately so much commentary is self-serving or sensationalist. Pete Wargent shines through with his clear, sober & dispassionate analysis of the housing market, which is so valuable. Pete drills into the facts & unlocks the details that others gloss over in their rush to get a headline. On housing Pete is a must read, must follow - he is one of the better property analysts in Australia" - Stephen Koukoulas, MD of Market Economics, former Senior Economics Adviser to Prime Minister Gillard.
"Pete Wargent is one of Australia's brightest financial minds - a must-follow for articulate, accurate & in-depth analysis." - David Scutt, Business Insider, leading Australian market analyst.
"I've been investing for over 40 years & read nearly every investment book ever written yet I still learned new concepts in his books. Pete Wargent is one of Australia's finest young financial commentators." - Michael Yardney, Australia's leading property expert, Amazon #1 best-selling author.
"The most knowledgeable person on Aussie real estate markets - Pete's work is great, loads of good data and charts, the most comprehensive analyst I follow in Australia. If you follow Australia, follow Pete Wargent" - Jonathan Tepper, Variant Perception, Global Macroeconomic Research, and author of the New York Times bestsellers 'End Game' and 'Code Red'.
"Pete's daily analysis is unputdownable" - Dr. Chris Caton, Chief Economist, BT Financial.
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Thursday, 8 November 2012
Australia still the Lucky Country
I’ve decided to take a sabbatical from the negative financial press.
You know who they are – the childish excitement each time a resources project is cancelled, a commodity price takes a down-tick or a job is lost.
That’s a dreadfully sad outlook on life!
The other day I sat down to work out how many countries I’ve visited in my life to date (I was a bit bored, to be fair). The answer was 30.
As one of the 24.6% of the population who was born overseas, I can say I feel pretty darned lucky to be able to call myself an Australian.
Imagine we all landed on earth from Planet Arg today, and were standing in a disorderly queue waiting to be told where you were to live.
You’d never know it from reading the financial press, but Australians live an incredibly Lucky Country.
No doubt elsewhere commentators will desperately try to find the negatives, but the fact is the unemployment data just released shows that the rate decreased to just 5.4%.
That’s exceptionally good news when you consider what’s happening elsewhere.
OK, OK...I might dig out a few negative comments later – just for the entertainment value.